World shares are mixed after heavy selling of potential AI losers hits
Wall Street
[February 24, 2026] By
ELAINE KURTENBACH
BANGKOK (AP) — World shares were mixed Tuesday after U.S. stocks slumped
on heavy selling of shares in companies that could be losers in the
artificial-intelligence boom.
A report by Citrini Research, a New York-based financial services
company, that outlined a future scenario in which AI's dominance caused
the “human-centric consumer economy,” to wither away with dire
consequences for employment, was the latest hit to confidence for
companies that might be displaced by fast expanding use of the
technology.
“Policy response has always lagged economic reality, but lack of a
comprehensive plan is now threatening to accelerate a deflationary
spiral,” the report says.
Still, Tuesday brought gains for computer-chip makers and other
companies that profit from development of AI.
In early European trading, Germany's DAX edged 0.2% lower to 24,952.11
and in Paris the CAC 40 was down less than 0.1% at 8,491.94. Britain's
FTSE 100 also lost less than 0.1%, to 10,673.99.
The futures for the S&P 500 and Dow Jones Industrial Average were up
less than 0.1%.
In Asian trading, Tokyo’s Nikkei 225 index surged 0.9% to 57,321.09.
Chip testing equipment maker Advantest rose 4.5%, while machinery maker
Disco Corp. added 2.1%.
Markets in mainland China advanced as they reopened following a weeklong
holiday, but Hong Kong's Hang Seng fell as traders locked in profits
from recent gains, slipping 1.8% to 26,590.32.
The Shanghai Composite index rose 0.9% to 4,117.41.
In South Korea, the Kospi picked up 2.1% to 5,969.64, setting fresh
records on gains for memory chipmaker Samsung Electronics, which jumped
3.6%. SK Hynix, another chipmaker, closed 5.7% higher.
In Australia, the S&P/ASX 200 edged less than 0.1% lower, ending at
9,022.30, while Taiwan's Taiex gained 2.8%.
India's Sensex fell 1.3%.
Tuesday will bring President Donald Trump's State of the Union address.
On Monday, U.S. stocks slumped after Trump ramped up his newest tariffs.
The S&P 500 fell 1% to 6,837.75 after the president said he would place
temporary 15% tariffs on other countries following a Supreme Court
ruling that struck down his sweeping “reciprocal” taxes on imports from
around the world.
The Dow Jones Industrial Average dropped 1.7% to 48,804.06. The Nasdaq
composite sank 1.1% to 22,627.27.
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A currency trader stretches near a screen showing the Korea
Composite Stock Price Index (KOSPI), center, and the foreign
exchange rate between U.S. dollar and South Korean won, left, at the
foreign exchange dealing room of the Hana Bank headquarters in
Seoul, South Korea, Tuesday, Feb. 24, 2026. (AP Photo/Ahn Young-joon)
 Trump’s quick shift toward more
aggressive tariffs shows how much uncertainty still hangs over the
global economy, even after the Supreme Court said the president
lacked the legal authority to institute his sweeping “reciprocal”
tariffs.
Investors may be sensing it will take a long time, as well as more
court battles, before more clarity comes about how global trade will
look.
On Wall Street, big losses hit companies under suspicion of getting
undercut by AI-powered rivals.
CrowdStrike fell 9.8% to widen its loss for the young year so far to
25.3%. A new tool from Anthropic that scans codebases for security
vulnerabilities and suggests targeted software patches for human
review has been hitting stocks across the cybersecurity industry.
AppLovin sank 9.1% and took its loss for the year to date to 43.5%.
It’s among the software companies hurt by worries that AI
competition will steal customers and fundamentally reset their
industries.
A profit report from Nvidia is due on Wednesday. Worries are rising
that companies like Alphabet and Amazon may be spending so much on
Nvidia’s chips that they’ll never be able to recoup their
investments through higher productivity and future profits.
In other dealings early Tuesday, U.S. benchmark crude oil gained 31
cents to $66.62 per barrel. Brent crude, the international standard,
was up 30 cents at $71.41 per barrel.
Crude prices have been gaining on worries that President Donald
Trump might take military action against Iran.
The U.S. dollar rose to 155.86 Japanese yen from 154.66 yen. The
euro fell to $1.1783 from $1.1786.
The price of bitcoin fell 4.3% to $63,180.
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